Basalt Fiber Market

Basalt Fiber Market by Form (Continuous and Discrete), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Electrical & Electronics, Marine), Usage (Composites, Non-Composites), and Region - Global Forecast to 2024

Report Code: CH 3164 Apr, 2019, by marketsandmarkets.com

[125 Pages Report] The basalt fiber market is projected to grow from USD 227 million in 2019 to USD 397 million by 2024, at a CAGR of 11.8% between 2019 and 2024. The market is growing due to the high demand from construction & infrastructure, automotive & transportation, and electrical & electronics end-use industries.  

Basalt Fiber Market

Construction & infrastructure end-use industry is expected to grow with high CAGR between 2019 and 2024.

The basalt fiber is finding increased application in the construction & infrastructure segment due to its high strength and non-corrosive properties. This increasing use of basalt fiber in the construction & infrastructure industry is mainly due to its environmentally friendly properties, good compatibility with concrete, and easy mixing at high concentration. Basalt fiber offers higher mechanical strength that is required for construction in extreme conditions. These are available at a much lower price compared to all other alkali-resistant fibers. Hence, the construction & infrastructure end-use industry is expected to grow with high CAGR during the forecast period.

Continuous form is projected to account for a major share in the basalt fiber market, in terms of both value and volume during the forecast period.

Continuous basalt fibers account for a higher share in the overall basalt fiber market. This high growth is mainly due to the growing demand from the construction & infrastructure sector. Continuous basalt fibers possess characteristics, such as superior efficiency, higher tensile strength, and excellent mechanical properties. Continuous basalt fiber is also eco-friendly, which makes it suitable for various applications, such as reinforcing nets, pipes, containers, electrical insulation materials, basalt plastic products, and others. Additionally, they offer higher strength than steel which makes them a preferred material in the construction industry.

Basalt Fiber Market

APAC is expected to lead the basalt fiber market during the forecast period.

The market in APAC is expected to be driven by the increasing consumption of basalt fiber in various industries such as wind energy, construction & infrastructure, electrical & electronics, and automotive. This growth is also because of the increased industrial development in China. Manufacturers in China develop new technologies which focus on manufacturing low-cost continuous basalt fiber. The transportation and electrical & electronics sectors in China are the major consumers of basalt fiber which is expected to strengthen the market position further. China also has a huge manufacturing capacity of basalt fiber, which can cater to any sudden increase in demand.

Some of the prominent players in the basalt fiber market are Kamenny Vek (Russia), Zhejiang GBF Basalt Fiber Co. (China), Mafic SA (Ireland), Technobasalt-Invest LLC (Ukraine), Russian Basalt (Russia), ISOMATEX SA (Belgium), INCOTELOGY GmbH (Germany), Sudaglass Basalt Fiber Technology (US), Shanxi Basalt Fiber Technology Co., Ltd (China), Mudanjiang Basalt Fiber Co. (China). The strategies undertaken by them include partnerships, new product development, and expansions.

Scope of the Report

Report Metric

Details

  • Years considered for the study
  • 2017–2024
  • Base year
  • 2018
  • Forecast period
  • 2019–2024
  • Units considered
  • Value (USD Thousand), Volume (Ton)
  • Segments
  • Usage, Form, End-use Industry, and Region
  • Regions
  • North America, Europe, APAC, Middle East & Africa (MEA), and Latin America
  • Companies
  • Kamenny Vek (Russia), Mafic SA (Ireland), Zhejiang GBF Basalt Fiber Co. Ltd (China), Technobasalt-Invest LLC (Ukraine), Russian Basalt (Russia), Sudaglass Basalt Fiber Technology (US), and Isomatex (Belgium)

This research report categorizes the basalt fiber market based on usage, form, end-use industry, and region.

On the basis of Usage type, the basalt fiber market has been segmented as follows:

  • Composite
  • Non-Composite

On the basis of Form type, the basalt fiber market has been segmented as follows:

  • Continuous
  • Discrete

On the basis of end-use industry, the basalt fiber market has been segmented as follows:

  • Construction & Infrastructure
  • Automotive & Transportation
  • Electrical & Electronics
  • Wind Energy
  • Marine
  • Others (sporting goods, industrial pipes & tanks, fabrics, furniture, and aerospace & defense)

On the basis of region, the basalt fiber market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America

Recent Developments

  • In December 2017, Mafic SA and Michelman (US) entered into partnership develop innovative basalt fiber products. This has helped Mafic in increasing the performance and surface characteristics of basalt fibers and their use in high-performance composites.
  • In June 2017, Kamenny Vek started the production of 2000 tex direct basalt fiber roving. These direct rovings offer benefits such as zero catenary and high mechanical strength in applications where high tex is required.

Key Questions Addressed by the Report

  • Which are the major end-use industries of basalt fiber?
  • Which industry is the major consumer of basalt fiber?
  • Which region is the largest and fastest-growing market of basalt fiber?
  • What is the major form of basalt fiber used?
  • What are the major strategies adopted by leading market players?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Basalt Fiber Market Segmentation
           1.3.2 Years Considered for the Study
           1.3.3 Currency
           1.3.4 Unit Considered
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Basalt Fiber Market
    4.2 Basalt Fiber Market, By Region and End-Use Industry
    4.3 Basalt Fiber Market, By Form
    4.4 Basalt Fiber Market, By Usage Type
    4.5 Basalt Fiber Market, By Country

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Evolution of Basalt Fibers
    5.3 Market Segmentation
           5.3.1 Basalt Fiber Market, By Usage
           5.3.2 Basalt Fiber Market, By Form
           5.3.3 Basalt Fiber Market, By End-Use Industry
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increase in Demand for Noncorrosive Materials
                    5.4.1.2 Enhanced Physical, Mechanical, and Chemical Properties
                    5.4.1.3 Environmentally Friendly and Easily Recyclable Material
           5.4.2 Restraints
                    5.4.2.1 Competition With Matured Products
           5.4.3 Opportunities
                    5.4.3.1 Increase in Demand for Basalt Fiber in Europe and APAC
                    5.4.3.2 Growing Adoption of Environmentally Friendly and Recyclable Material
           5.4.4 Challenge
                    5.4.4.1 Complex Manufacturing Process and High Cost Compared to E-Glass Fibers
                    5.4.4.2 Difficulty in Promotion of Basalt Fiber

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Price Analysis
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Intensity of Competitive Rivalry
           6.4.5 Bargaining Power of Buyers
    6.5 Technological Advancements
           6.5.1 Use of Basalt Fiber in Hybrid Fabrics

7 Macroeconomic Overview and Key Trends (Page No. - 43)
    7.1 Introduction
    7.2 Trends and Forecast of GDP
    7.3 Trends and Forecast of the Construction & Infrastructure Industry
    7.4 Trends in Automotive & Transportation Industry
    7.5 Trends in Wind Energy Industry

8 Basalt Fiber Market, By Usage Type
    8.1 Introduction
    8.2 Basalt Fiber in Composites
           8.2.1 Construction & Infrastructure
           8.2.2 Automotive & Transportation
           8.2.3 Electrical & Electronics
           8.2.4 Wind Energy
           8.2.5 Marine
           8.2.6 Others
    8.3 Basalt Fiber in Non-Composites
           8.3.1 Construction & Infrastructure
           8.3.2 Others

9 Basalt Fiber Market, By Form (Page No. - 50)
    9.1 Introduction
    9.2 Continuous Basalt Fiber
           9.2.1 Continuous Basalt Fibers Possess Superior Characteristics, Such as Superior Efficiency and Higher Tensile Strength
    9.3 Discrete Basalt Fiber
           9.3.1 Rapidly Growing Construction & Infrastructure and Transportation Industries are Spurring the Demand

10 Basalt Fiber Market, By End-Use Industry (Page No. - )
     10.1 Introduction
     10.2 Construction & Infrastructure
             10.2.1 Construction
                       10.2.1.1 Basat Rebar Market
                       10.2.1.2 Basalt Fiber Structures
             10.2.2 Infrastructure
                       10.2.1.1 Basat Rebar Market
                       10.2.1.2 Basalt Fiber Structures
     10.3 Automotive & Transportation
             10.3.1 Automotive & Other Lightweight Vehicles
             10.3.2       Heavy Vehicles
                        10.3.2.1
                        10.3.2.2
                        10.3.2.3
             10.3.3 Automotive Production By Country
     10.4 Electrical & Electronics
             10.4.1 Home Appliences
             10.4.2 Devices
     10.5 Wind Energy
             10.5.1 Onshore
             10.5.2 Offshore
             10.5.3 Global Wind Energy Installation   
     10.6 Marine
             10.6.1 Boat & Ship Building
             10.6.2 Marine Construction
     10.7 Others
             10.7.1 Aerospace & Defense
             10.7.2 Medical & Healthcare
             10.7.3 Oil & Gas
     10.8 Connected High Temperature Insulation Materials Market
     10.9 Connected Concrete Admixtures Market

11 Basalt Fiber Market, By Region (Page No. - 73)
     11.1 Introduction
     11.2 North America
             11.2.1 Canada
                        11.2.1.1 They Proficient Aerospace Industry in Canada is Driving the Market
             11.2.2 US
                        11.2.2.1 New Basalt Fiber Products are Offered By the Manufacturers in the US
     11.3 Europe
             11.3.1 Germany
                        11.3.1.1 Germany is the Second-Largest Market for Basalt Fiber in Europe
             11.3.2 UK
                        11.3.2.1 UK is One of the Key Markets for Basalt Fiber
             11.3.3 Belgium
                        11.3.3.1 Automotive & Transportation Industry is Bolstering the Demand in the Country
             11.3.4 UKraine
                        11.3.4.1 Presence of Basalt Rock in the Neighboring Region Drives the Market in the Country
             11.3.5 Russia
                        11.3.5.1 Russia is the Largest Market for Basalt Fiber in the European Region
             11.3.6 Ireland
                        11.3.6.1 High Demand is Witnessed in the Construction & Infrastructure and Wind Energy Industries of the Country
     11.4 APAC
             11.4.1 China
                        11.4.1.1 China is the Fastest-Growing Market for Basalt Fiber, Globally
             11.4.2 Japan
                        11.4.2.1 The Growing Automotive Industry is Boosting The Demand for Basalt Fibers
             11.4.3 Singapore
                        11.4.3.1 Singapore is the Second-Largest Market in APAC
     11.5 Latin America
             11.5.1 Brazil
                        11.5.1.1 Brazil is the Largest Market for Basalt Fiber in Latin America
             11.5.2 Mexico
                        11.5.2.1 The Growing Wind Energy Sector in the Country is Driving the Demand for Basalt Fiber
     11.6 MEA
             11.6.1 South Africa
                        11.6.1.1 South Africa is the Largest Market in MEA
             11.6.2 Saudi Arabia
                        11.6.2.1 Saudi Arabia is the Fastest-Growing Market in MEA
             11.6.3 UAE
                        11.6.3.1 Increasing Demand From the Construction & Infrastructure Industry is Increasing the Demand for Basalt Fiber

12 Competitive Landscape (Page No. - 96)
     12.1 Introduction
     12.2 Competitive Leadership Mapping
             12.2.1 Visionary Leaders
             12.2.2 Dynamic Differentiators
             12.2.3 Emerging Companies
             12.2.4 Innovators
             12.2.5 Strength of Product Portfolio
             12.2.6 Business Strategy Excellence
     12.3 Market Ranking
     12.4 Competitive Scenario
             12.4.1 Expansion
             12.4.2 New Product Development
             12.4.3 Partnership

13 Company Profiles (Page No. - 103)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     13.1 Kamenny VEK
     13.2 Zhejiang GBF Basalt Fiber Co.
     13.3 Mafic SA
     13.4 Technobasalt-Invest LLC
     13.5 Russian Basalt
     13.6 ISOMATEX S.A.
     13.7 INCOTELOGY GmbH
     13.8 Sudaglass Basalt Fiber Technology
     13.9 Shanxi Basalt Fiber Technology Co. TD
     13.10 Mudanjiang Jinshi Basalt Fiber Co. Ltd
     13.11 Other Companies
             13.11.1 Basalt Technology UK Limited
             13.11.2 Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd
             13.11.3 ASA. Tec GmbH
             13.11.4 Sichuan Fiberglass Group Co., Ltd.
             13.11.5 NMG Composites Co., Ltd
             13.11.6 Fiberbas Construction and Building Technologies
             13.11.7 Liaoning Jinshi Technology Group Co., Ltd.
             13.11.8 Jiangsu Green Materials Vally New Material T&D Co., Ltd (GMV)
             13.11.9 Yingkou Hongyuan Fiberglass Technology Co., Ltd.
             13.11.10 Jilin Province Huayang New Composite Material Co., Ltd.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

14 Appendix (Page No. - 120)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (172 Tables)

Table 1 Basalt Fiber Market Size (Volume and Value), 2017–2024
Table 2 Mechanical & Physical Properties of Fibers
Table 3 Temperature Range of Fibers
Table 4 Trends and Forecast of Gdp, 2017–2023 (USD Billion)
Table 5 Contribution of the Construction & Infrastructure Industry in North America, USD Billion (2015–2022)
Table 6 Contribution of the Construction & Infrastructure Industry in Europe, USD Billion (2015–2022)
Table 7 Contribution of the Construction & Infrastructure Industry in APAC, USD Billion (2015–2022)
Table 8 Contribution of the Construction & Infrastructure Industry in Mea, 2015–2022 (USD Billion)
Table 9 Contribution of the Construction & Infrastructure Industry in Latin America, USD Billion (2015–2022)
Table 10 Automotive Production, Million Units (2013–2017)
Table 11 Chemical Composition of Glass and Basalt Fibers
Table 12 Tensile Strength of Fibers
Table 13 Basalt Fiber Stiffness Properties
Table 14 Basalt Fiber Market Size, By Usage Type, 2017–2024 (USD Thousand)
Table 15 Basalt Fibers Market Size, By Usage Type, 2017–2024 (Ton)
Table 16 Basalt Fiber Market Size in Composites, By Region, 2017–2024 (USD Thousand)
Table 17 Basalt Fibers Market Size in Composites, By Region, 2017–2024 (Ton)
Table 18 Basalt Fiber Market Size in Composites, By Application, 2017–2024 (USD Thousand)
Table 19 Basalt Fibers Market Size in Composites, By Application, 2017–2024 (Ton)
Table 20 Basalt Fiber Market Size in Composites, By Construction & Infrastructure Application By Region, 2017–2024 (USD Thousand)
Table 21 Basalt Fibers Market Size in Composites, By Construction & Infrastructure Application By Region, 2017–2024 (Ton)
Table 22 Basalt Fiber Market Size in Composites, By Automotive & Transportation Application By Region, 2017–2024 (USD Thousand)
Table 23 Basalt Fibers Market Size in Composites, By Automotive & Transportation Application By Region, 2017–2024 (Ton)
Table 24 Basalt Fiber Market Size in Composites, By E&E Application By Region, 2017–2024 (USD Thousand)
Table 25 Basalt Fibers Market Size in Composites, By E&E Application By Region, 2017–2024 (Ton)
Table 26 Basalt Fiber Market Size in Composites, By Wind Energy Application By Region, 2017–2024 (USD Thousand)
Table 27 Basalt Fibers Market Size in Composites, By Wind Energy Application By Region, 2017–2024 (Ton)
Table 28 Basalt Fiber Market Size in Composites, By Marine Application By Region, 2017–2024 (USD Thousand)
Table 29 Basalt Fibers Market Size in Composites, By Marine Application, By Region, 2017–2024 (Ton)
Table 30 Basalt Fiber Market Size in Composites, By Other Application By Region, 2017–2024 (USD Thousand)
Table 31 Basalt Fibers Market Size in Composites, By Other Application, By Region, 2017–2024 (Ton)
Table 32 Comparative Characteristics of Fibers
Table 33 Basalt Fiber Market Size in Non-Composites, By Region, 2017–2024 (USD Thousand)
Table 34 Basalt Fibers Market Size in Non-Composites, By Region, 2017–2024 (Ton)
Table 35 Basalt Fiber Market Size in Non-Composites, By Application, 2017–2024 (USD Thousand)
Table 36 Basalt Fibers Market Size in Non-Composites, By Application, 2017–2024 (Ton)
Table 37 Basalt Fiber Market Size in Non-Composites, By Construction & Infrastructure Application, 2017–2024 (USD Thousand)
Table 38 Basalt Fibers Market Size in Non-Composites, By Construction & Infrastructure Application, 2017–2024 (Ton)
Table 39 Basalt Fiber Market Size in Non-Composites, By Other Oapplication, 2017–2024 (USD Thousand)
Table 40 Basalt Fibers Market Size in Non-Composites, By Other Application, 2017–2024 (Ton)
Table 41 Basalt Fiber Market Size, By Form, 2017–2024 (USD Thousand)
Table 42 Basalt Fibers Market Size, By Form, 2017–2024 (Ton)
Table 43 Continuous Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 44 Continuous Basalt Fibers Market Size, By Region, 2017–2024 (Ton)
Table 45 Discrete Basalt Fiber Market Size, By Region, 2017–2024 (USD Thousand)
Table 46 Discrete Basalt Fibers Market Size, By Region, 2017–2024 (Ton)
Table 47 Basalt Fiber Market Size, By End-Use Industry, 2017–2024 ( USD Thousand)
Table 48 Basalt Fibers Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 49 Basalt Fiber Market Size in Construction & Infrastructure, By Region, 2017–2024 (USD Thousand)
Table 50 Basalt Fibers Market Size in Construction & Infrastructure, By Region, 2017–2024 (Ton)
Table 51 Construction Expenditure By Country (2018)
Table 52 Basalt Fiber Market Size in Construction & Infrastructure, By Type, 2017–2024 (USD Thousand)
Table 53 Basalt Fibers Market Size in Construction & Infrastructure, By Type, 2017–2024 (Ton)
Table 54 Basalt Fiber Market Size in Automotive & Transportation, By Region, 2017–2024 (USD Thousand)
Table 55 Basalt Fibers Market Size in Automotive & Transportation, By Region, 2017–2024 (Ton)
Table 56 Basalt Fiber Market Size in Automotive & Transportation, By Type, 2017–2024 (USD Thousand)
Table 57 Basalt Fibers Market Size in Automotive & Transportation, By Type, 2017–2024 (Ton)
Table 58 Automotive Production Data 2018
Table 59 Basalt Fiber Market Size in Electrical & Electronics, By Region, 2017–2024 (USD Thousand)
Table 60 Basalt Fibers Market Size in Electrical & Electronics, By Region, 2017–2024 (Ton)
Table 61 Basalt Fiber Market Size in Electrical & Electronics By Type, By Type, 2017–2024 (USD Thousand)
Table 62 Basalt Fibers Market Size in Electrical & Electronics By Type, By Type, 2017–2024 (Ton)
Table 63 Basalt Fiber Market Size in Wind Energy, By Region, 2017–2024 (USD Thousand)
Table 64 Market Size in Wind Energy, By Region, 2017–2024 (Ton)
Table 65 Wind Energy Installation By Country
Table 66 Basalt Fiber Market Size in Wind Energy, By Type, 2017–2024 (USD Thousand)
Table 67 Market Size in Wind Energy, By Type, 2017–2024 (Ton)
Table 68 Basalt Fiber Market Size in Marine, By Region, 2017–2024 (USD Thousand)
Table 69 Market Size in Marine, By Region, 2017–2024 (Ton)
Table 70 Basalt Fiber Market Size in Marine, By Type, 2017–2024 (USD Thousand)
Table 71 Market Size in Marine, By Type, 2017–2024 (Ton)
Table 72 Basalt Fiber Market Size in Others, By Region, 2017–2024 (USD Thousand)
Table 73 Market Size in Others, By Region, 2017–2024 (Ton)
Table 74 Basalt Fiber Market Size in Others, By Type, 2017–2024 (USD Thousand)
Table 75 Market Size in Others, By Type, 2017–2024 (Ton)
Table 76 Connected High Temperature Insulation Materials Market, By Type
Table 77 Connected High Temperature Insulation Materials Market, By Temperature Range
Table 78 Connected High Temperature Insulation Materials Market, By End-Use Industry
Table 79 Connected Trend of Oil Production, Thousand Barrels Per Day (2011–2015)
Table 80 Connected High Temperature Insulation Materials Market Size, By Type, 2014–2021 (USD Million)
Table 81 Connected High Temperature Insulation Materials Market Size, By Type, 2014–2021 (Kiloton)
Table 82 Connected Ceramic Fibers Insulation Materials Market Size, By Region, 2014–2021 (USD Million)
Table 83 Connected Ceramic Fibers Insulation Materials Market Size, By Region, 2014–2021 (Kiloton)
Table 84 Connected Insulating Firebricks Materials Market Size, By Region, 2014–2021 (USD Million)
Table 85 I Connected Nsulating Firebricks Materials Market Size, By Region, 2014–2021 (Kiloton)
Table 86 Connected Calcium Silicate Insulation Materials Market Size, By Region, 2014–2021 (USD Million)
Table 87 Connected Calcium Silicate Insulation Materials Market Size, By Region, 2014–2021 (Kiloton)
Table 88 Connected Others High Temperature Insulation Materials Market Size, By Region, 2014–2021 (USD Million)
Table 89 Connected Others High Temperature Insulation Materials Market Size, By Region, 2014–2021 (Kiloton)
Table 90 Connected High Temperature Range Insulation Materials Market Size, By Temperature Range, 2014–2021 (USD Million)
Table 91 Connected High Temperature Range Insulation Materials Market Size, By Temperature Range, 2014–2021 (Kiloton)
Table 92 Connected Concrete Admixtures Market Size, By Type, 2013-2020 (Kiloton)
Table 93 Connected Concrete Admixtures Market Size, By Type, 2013–2020 (USD Million)
Table 94 Connected Superplasticizers Market Size, By Region, 2013–2020 (Kiloton)
Table 95 Connected Superplasticizers Market Size, By Region, 2013–2020 (USD Million)
Table 96 Connected Normal Plasticizers Market Size, By Region, 2013–2020 (Kiloton)
Table 97 Connected Normal Plasticizers Market Size, By Region 2013–2020 (USD Million)
Table 98 Connected Accelerating Agents Market Size, By Region, 2013–2020 (Kiloton)
Table 99 Connected Accelerating Agents Market Size, By Region, 2013–2020 (USD Million)
Table 100 Connected Retarding Agents Market Size, By Region 2013–2020 (Kiloton)
Table 101 Connected Retarding Agents Market Size, By Region 2013–2020 (USD Million)
Table 102 Connected Air-Entraining Agents Market Size, By Region 2013–2020 (Kiloton)
Table 103 Connected Air-Entraining Agents Market Size, By Region 2013–2020 (USD Million)
Table 104 Connected Waterproofing Admixtures Market Size, By Region, 2013–2020 (Kiloton)
Table 105 Connected Waterproofing Admixtures Market Size, By Region 2013–2020 (USD Million)
Table 106 Connected Others Concrete Admixtures Market Size, By Region 2013–2020 (Kilotons)
Table 107 Connected Others Concrete Admixtures Market Size, By Region 2013–2020 (USD Million)
Table 108 Connected Concrete Admixtures Market Size, By Application, 2013–2020 (Kiloton)
Table 109 Connected Market Size, By Application, 2013–2020 (USD Million)
Table 110 Connected Concrete Admixtures Market Size in Residential, By Region, 2013–2020 (Kiloton)
Table 111 Connected Market Size in Residential, By Region, 2013–2020 (USD Million)
Table 112 Connected Concrete Admixtures Market Size in Infrastructure, By Region, 2013–2020 (Kiloton)
Table 113 Connected Market Size in Infrastructure, By Region, 2013–2020 (USD Million)
Table 114 Connected Concrete Admixtures Market Size in Non-Residential, By Region, 2013–2020 (Kiloton)
Table 115 Connected Market Size in Non-Residential, By Region, 2013–2020 (USD Million)
Table 116 Connected Concrete Admixtures Market Size, By Region, 2013–2020 (Kiloton)
Table 117 Connected Market Size, By Region, 2013–2020 (USD Million)
Table 118 Basalt Fiber Market Size, By Region, 2017–2024 (Ton)
Table 119 Basalt Fibers Market Size, By Region, 2017–2024 (USD Thousand)
Table 120 North America: Basalt Fiber Market Size, By Country, 2017–2024 (Ton)
Table 121 North America: Basalt Fibers Market Size, By Country, 2017–2024 (USD Thousand)
Table 122 North America: Basalt Fibers Market Size, By Usage Type, 2017–2024 (Ton)
Table 123 North America: Basalt Fibers Market Size, By Usage Type, 2017–2024 (USD Thousand)
Table 124 North America: Basalt Fibers Market Size, By Form, 2017–2024 (Ton)
Table 125 North America: Basalt Fibers Market Size, By Form, 2017–2024 (USD Thousand)
Table 126 North America: Basalt Fibers Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 127 North America: Basalt Fibers Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 128 North America: Basalt Fibers Market Size in Composites Form, By End-Use Industry, 2017–2024 (Ton)
Table 129 North America: Basalt Fibers Market Size in Composites Form, By End-Use Industry, 2017–2024 (USD Thousand)
Table 130 Europe: Basalt Fiber market Size, By Country, 2017–2024 (Ton)
Table 131 Europe: Basalt Fiber Market Size, By Country, 2017–2024 (USD Thousand)
Table 132 Europe: Basalt Fibers Market Size, By Usage Type, 2017–2024 (Ton)
Table 133 Europe  Basalt Fibers Market Size, By Usage Type,2017–2024 (USD Thousand)
Table 134 Europe: Basalt Fibers Market Size, By Form, 2017–2024 (Ton)
Table 135 Europe: Basalt Fibers Market Size, By Form, 2017–2024 (USD Thousand)
Table 136 Europe: Basalt Fibers Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 137 Europe: Basalt Fibers Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 138 Europe: Basalt Fibers Market Size in Composites Form, By End-Use Industry, 2017–2024 (Ton)
Table 139 Europe: Basalt Fibers Market Size in Composites Form, By End-Use Industry, 2017–2024 (USD Thousand)
Table 140 APAC: Basalt Fiber Market Size, By Country,2017–2024 (Ton)
Table 141 APAC: Basalt Fibers Market Size, By Country,2017–2024 (USD Thousand)
Table 142 APAC: Basalt Fibers Market Size, By Usage Type, 2017–2024 (Ton)
Table 143 APAC: Basalt Fibers Market Size, By Usage Type, 2017–2024 (USD Thousand)
Table 144 APAC: Basalt Fibers Market Size, By Form, 2017–2024 (Ton)
Table 145 APAC: Basalt Fibers Market Size, By Form, 2017–2024 (USD Thousand)
Table 146 APAC: Basalt Fibers Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 147 APAC: Basalt Fibers Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 148 APAC: Basalt Fibers Market Size in Composites Form, By End-Use Industry, 2017–2024 (Ton)
Table 149 APAC: Basalt Fibers Market Size in Composites Form, By End-Use Industry, 2017–2024 (USD Thousand)
Table 150 Latin America: Basalt Fiber Market Size, By Country, 2017–2024 (Ton)
Table 151 Latin America: Basalt Fibers Market Size, By Country, 2017–2024 (USD Thousand)
Table 152 Latin America: Basalt Fibers Market Size, By Usage Type, 2017–2024 (Ton)
Table 153 Latin America: Basalt Fibers Market Size, By Usage Type, 2017–2024 (USD Thousand)
Table 154 Latin America: Basalt Fibers Market Size, By Form, 2017–2024 (Ton)
Table 155 Latin America: Basalt Fibers Market Size, By Form, 2017–2024 (USD Thousand)
Table 156 Latin America: Basalt Fibers Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 157 Latin America: Basalt Fibers Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 158 Latin America: Basalt Fibers Market Size in Composites Form, By End-Use Industry, 2017–2024 (Ton)
Table 159 Latin America: Basalt Fibers Market Size in Composites Form, By End-Use Industry, 2017–2024 (USD Thousand)
Table 160 MEA: Basalt Fiber Market Size, By Country, 2017–2024 (Ton)
Table 161 MEA: Basalt Fibers Market Size, By Country, 2017–2024 (USD Thousand)
Table 162 MEA: Basalt Fiber Market Size, By Usage Type, 2017–2024 (Ton)
Table 163 MEA: Basalt Fibers Market Size, By Usage, 2017–2024 (USD Thousand)
Table 164 MEA: Basalt Fiber Market Size, By Form, 2017–2024 (Ton)
Table 165 MEA: Basalt Fibers Market Size, By Form, 2017–2024 (USD Thousand)
Table 166 MEA: Basalt Fiber Market Size, By End-Use Industry, 2017–2024 (Ton)
Table 167 MEA: Basalt Fibers Market Size, By End-Use Industry, 2017–2024 (USD Thousand)
Table 168 MEA: Basalt Fiber Market Size, By End-Use Industry in Composites Form, 2017–2024 (Ton)
Table 169 MEA: Basalt Fiber Market Size in Composites Form, By End-Use Industry, 2017–2024 (USD Thousand)
Table 170 Expansion, 2014–2019
Table 171 New Product Development, 2014–2019
Table 172 Partnership, 2014–2019


List of Figures (47 Figures)

Figure 1 Basalt Fiber Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Basalt Fiber Market: Data Triangulation
Figure 5 Automotive & Transportation Segment Accounted for the Largest Market Share in 2018
Figure 6 Continuous Basalt Fibers Accounted for the Major Market Share in 2018
Figure 7 Composites Segment Accounted for the Maximum Market Share of the Basalt Fiber in 2018
Figure 8 China is Projected to Register the Highest CAGR
Figure 9 APAC to Register the Highest Growth Market in Basalt Fiber
Figure 10 APAC to Be the Most Promising Market for Basalt Fiber
Figure 11 Construction & Infrastructure Was the Major End-Use Industry and APAC the Key Region in the Basalt Fiber Market
Figure 12 Continuous Basalt Fiber to Be the Dominating Form
Figure 13 Composites Segment Accounts for A Larger Share Market in the Basalt Fiber
Figure 14 China to Register the Highest CAGR in the Basalt Fiber Market
Figure 15 Fast Development and Commercialization of Basalt Fiber for Industry Applications
Figure 16 Basalt Fiber Market, By Usage
Figure 17 Basalt Fiber Market, By Form
Figure 18 Basalt Fiber Market, By End-Use Industry
Figure 19 Drivers, Restraints, Opportunities, and Challenges in the Basalt Fiber Market
Figure 20 Value Chain Analysis: More Value is Added During Composite Design and Composite Processing Phase
Figure 21 Basalt Fiber Market: Porter’s Five Forces Analysis
Figure 22 Trends and Forecast of GDP, 2017–2023 (USD Billion)
Figure 23 Automotive & Transportation Production in Key Countries, Million Units (2016 vs. 2017)
Figure 24 Wind Energy Installed Capacity, Mw (2016–2017)
Figure 25 Basalt Fiber Application as Composites to Grow at A Faster Rate Between 2019 and 2024
Figure 26 APAC to Account for the Highest Market Share in the Composites Usage
Figure 27 Continuous Basalt Fiber to Grow at A Faster Rate Between 2019 and 2024
Figure 28 Continuous Basalt Fiber to Have A Higher Demand in APAC
Figure 29 Construction & Infrastructure to Be the Fastest-Growing End-Use Industry
Figure 30 APAC to Be the Leading Market in the Construction & Infrastructure End-Use Industry
Figure 31 APAC to Be the Fastest-Growing Market in the Automotive & Transportation Industry
Figure 32 APAC is the Fastest Growing Market in the Electrical & Electronics Industry
Figure 33 APAC to Be the Largest Market in Wind Energy End-Use Industry
Figure 34 North America is the Largest Market in Marine Industry
Figure 35 China to Be the Fastest-Growing Market in Basalt Fiber
Figure 36 North America: Market Snapshot
Figure 37 Europe: Market Snapshot
Figure 38 APAC: Market Snapshot
Figure 39 Brazil is the Key Basalt Fiber Market in Latin America
Figure 40 South Africa is the Key Basalt Fiber Market in MEA
Figure 41 Companies Adopted Expansion as the Key Growth Strategy Between 2014 and 2019
Figure 42 Basalt Fiber Market (Global) Competitive Leadership Mapping, 2018
Figure 43 Market Ranking of Top Five Players in Basalt Fiber
Figure 44 Kamenny Vek: SWOT Analysis
Figure 45 Zhejiang GBF Basalt Fiber Co.: SWOT Analysis
Figure 46 Mafic SA: SWOT Analysis
Figure 47 Technobasalt-Invest LLC: SWOT Analysis

The study involved four major activities in estimating the current market size for basalt fiber. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of market segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The basalt fiber market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the various industries such as marine, wind energy, transportation, construction, and others. The supply side is characterized by advancements in technology and diverse applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Basalt Fiber Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total basalt fiber market size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides in the marine, transportation, wind energy, construction, and other industries.

Report Objectives

  • To define, describe, and forecast the market size of basalt fiber, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To provide detailed information about the technological advancements influencing the growth of the market
  • To forecast the market on the basis of form, usage, and end-use industry
  • To define, describe, and forecast the market on the basis of five regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze the recent developments such as expansion, new product development, and partnership in the market
  • To strategically profile the key players and comprehensively analyze their market share and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of Rest of Europe basalt fiber market
  • Further breakdown of Rest of APAC basalt fiber market
  • Further breakdown of Rest of Latin America basalt fiber market
  • Further breakdown of Rest of MEA basalt fiber market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 3164
Published ON
Apr, 2019
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